What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£4,155
ROCE20%
Yield9%
Purchase £ £4,900
Property description
Strategy: Buy to Let
BRRR - 3 BED - GAINSBOROUGH
* Fully managed renovation
* Target purchase price £65,000
* Refurb £25,000
* GDV £110,000
* No chain
* Vacant possession
* Council Tax Band A
* Market Rent: £800
* ROCE 20%
* Gross Yield 9%
* Profit projection in 10 years capital growth 5% PCA = £69,178.41
* Profit projection in 10 years net rental growth 4% PCA = £49,885.38
* Total profit projection over 10 years = £119,063.79
Why buy in Gainsborough?
- Gainsborough has major economic growth ambitions and is undergoing a transformation with its population set to grow from 22,000 to 30,000.
- The 20-year regeneration plan is already underway, making now the ideal time to invest in the town with its current comparatively low entry point
- Regeneration includes rejuvenation to the town centre, heritage assets and an enhanced network of green spaces.
- Improved transport network with direct rails links and excellent road connections. For example, Lincoln is a 30 minute drive and Doncaster, Sheffield and Hull are within easy reach
- Close proximity to the Humber Freeport and two international airports
- Proximity to the multi-billion-pound STEP fusion energy project at West Burton creating long-term highly-skilled jobs
- Massive increase in housing and commercial demand
- Already home to global brands such as Ping and Eminox
Why Invest with Sourced?
We handle everything for you; sourcing the property, doing the refurbishment, placing tenants, and collecting rent. You simply purchase the asset and receive the net income.
Comprehensive property wealth-building package in one place:-
-Sourced Investment Agents: Sourcing investment opportunities tailored to your criteria.
-Sourced Enterprise: Limited company and SPV formations with tax-efficient portfolio structuring and accounting solutions.
-Sourced Finance: Access specialist property lending and mortgages, created specifically for investors.
-Sourced Lettings: Seamlessly integrate property management using our nationwide lettings management service.
Do you provide any additional services?
I can personally recommend the following additional services for peace of mind:-
• A top-tier legal conveyancing team
• A professional and compliant renovation team
• Guaranteed rent options
Here is a link to more of my property deals https://sourced.co/partner/michaelparry/properties/?page=1
So what are you waiting for? If you are interested in this or similar opportunities, please get in touch.
Sourced reference: 935754884146166
Due diligence
No information supplied.
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£4,155
ROCE20%
Yield9%
Purchase £ £4,900
Sales Agent
Michael Parry
SILKSTONE ESTATES LIMITED
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network